Price Action & Market Structure
* DIA is trading near 455.6, modestly down from Friday’s levels after rejecting 458.5.
* Price is consolidating between 452.5–458.5, forming a triangle structure.
* Intraday momentum is softening, but bulls are still holding the 455 HVL support zone.
Key Levels
* Resistance (Upside Caps):
* 456.9–458.5 → Immediate resistance zone.
* 461–463 → Gamma resistance cluster.
* 466 → Strong Call Wall (upside cap).
* Support (Downside Floors):
* 455.0 → HVL + intraday anchor support.
* 452.5 → Minor support.
* 450.0–448.0 → Strong Put Support.
* 443.0 → Secondary Put Wall support.
Options Sentiment (GEX & IV)
* GEX: Skewed toward Puts (80.9%), suggesting downside hedging flows.
* IVR: Low at 6.3, meaning options market isn’t pricing large volatility.
* Gamma Walls:
* 466 = Heavy Call resistance.
* 450 = Strong Put support.
Indicators
* MACD (15m): Bearish crossover, momentum fading after early push.
* Stoch RSI: Near oversold, possible relief bounce if 455 holds.
Scenarios for Today
Bullish Case (if 455 holds):
* Hold above 455 HVL, push through 457–458.5.
* Targets: 461 → 463, possible extension to 466 Gamma Wall.
Bearish Case (if 455 breaks):
* Lose 455, quick drop to 452.5.
* Further weakness → 450–448 Put Wall zone.
Trading Thoughts
* Longs: Favor bounce entries near 455–452.5, targeting 458–461.
* Shorts: Fade rejection at 458–461, stops above 463.
* Stops:
* Longs → below 452.0.
* Shorts → above 463.0.
Summary
DIA is at a decision zone around 455 HVL. Holding this support favors upside toward 458.5–461, but failure opens downside to 452.5 → 450. Options sentiment leans defensive (Put heavy), suggesting capped upside unless buyers reclaim momentum.
⚠️ This analysis is for educational purposes only, not financial advice. Always manage risk carefully.
* DIA is trading near 455.6, modestly down from Friday’s levels after rejecting 458.5.
* Price is consolidating between 452.5–458.5, forming a triangle structure.
* Intraday momentum is softening, but bulls are still holding the 455 HVL support zone.
Key Levels
* Resistance (Upside Caps):
* 456.9–458.5 → Immediate resistance zone.
* 461–463 → Gamma resistance cluster.
* 466 → Strong Call Wall (upside cap).
* Support (Downside Floors):
* 455.0 → HVL + intraday anchor support.
* 452.5 → Minor support.
* 450.0–448.0 → Strong Put Support.
* 443.0 → Secondary Put Wall support.
Options Sentiment (GEX & IV)
* GEX: Skewed toward Puts (80.9%), suggesting downside hedging flows.
* IVR: Low at 6.3, meaning options market isn’t pricing large volatility.
* Gamma Walls:
* 466 = Heavy Call resistance.
* 450 = Strong Put support.
Indicators
* MACD (15m): Bearish crossover, momentum fading after early push.
* Stoch RSI: Near oversold, possible relief bounce if 455 holds.
Scenarios for Today
Bullish Case (if 455 holds):
* Hold above 455 HVL, push through 457–458.5.
* Targets: 461 → 463, possible extension to 466 Gamma Wall.
Bearish Case (if 455 breaks):
* Lose 455, quick drop to 452.5.
* Further weakness → 450–448 Put Wall zone.
Trading Thoughts
* Longs: Favor bounce entries near 455–452.5, targeting 458–461.
* Shorts: Fade rejection at 458–461, stops above 463.
* Stops:
* Longs → below 452.0.
* Shorts → above 463.0.
Summary
DIA is at a decision zone around 455 HVL. Holding this support favors upside toward 458.5–461, but failure opens downside to 452.5 → 450. Options sentiment leans defensive (Put heavy), suggesting capped upside unless buyers reclaim momentum.
⚠️ This analysis is for educational purposes only, not financial advice. Always manage risk carefully.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.